Primorus Investments (LON:PRIM) Stock Price Up 8.3% – Still a Buy?

Primorus Investments plc (LON:PRIM) shares traded up 8.3% during mid-day trading on Friday . The stock traded as high as GBX 3.90 and last traded at GBX 3.90. Approximately 97 shares traded hands during trading, a decline of 100% from the average daily volume of 131,618 shares. The stock had previously closed at GBX 3.60.

Primorus Investments Trading Up 8.3%

The stock has a 50 day simple moving average of GBX 3.72 and a 200 day simple moving average of GBX 3.84. The firm has a market capitalization of £4.86 million, a PE ratio of 5.79 and a beta of 0.39.

Primorus Investments (LON:PRIM) last released its quarterly earnings data on Tuesday, June 2nd. The company reported GBX 0.67 earnings per share for the quarter. Primorus Investments had a positive return on equity of 15.97% and a negative net margin of 402.68%.

Insider Buying and Selling

In other Primorus Investments news, insider Rupert Labrum sold 3,000,000 shares of the stock in a transaction on Friday, April 24th. The shares were sold at an average price of GBX 4, for a total transaction of £120,000. 47.63% of the stock is owned by corporate insiders.

About Primorus Investments

Primorus Investments plc is a private equity firm specializing in buyout investments in small and mid cap firms. The firm focuses to invest in financial services, natural resources, energy, clean technology, financial technology, business technology, infrastructure, property, consultancy, brand licensing and leisure sectors. The firm seeks to take majority stakes in its portfolio companies. Primorus Investments plc was incorporated in 1999 and is based in London, United Kingdom.